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YMTC Kicks off A-Share IPO Process, Cheering up Mkt; SMIC/ HUA HONG SEMI Up 8%; GIGADEVICE Up 11% as CLSA Raises TP
2026-05-20 11:08:41 YMTC, which primarily engages in 3D NAND flash memory chips and solutions, launched its IPO process, with CITIC Securities and China Securities publishing listing tutoring filing reports, as revealed by the website of the China Securities Regulatory Commission. Chip stocks outperformed this morning. SMIC (00981.HK) last traded at HKD74, up 8.03%, with turnover of 113 million shares, involving HKD8.24 billion. HUA HONG SEMI (01347.HK) last traded at HKD126.7, up 8.66%, with turnover of 24.8882 million shares, involving HKD3.071 billion. GIGADEVICE (03986.HK) last traded at HKD671, up 11.46%, with turnover of 2.3396 million shares, involving HKD1.554 billion. GIGADEVICE's niche DRAM business will continue to benefit from suppliers capacity expansion, while customized memory products will begin contributing meaningful revenue from 2026 onward, CLSA said in its report. The broker raised its earnings forecasts and lifted its H-share TP to HKD782.3 from HKD538, reiterating an Outperform rating. ~ AASTOCKS Financial News Website: www.aastocks.com | |